CoinDesk·3 min read·medium
Live markets: Japan's collapsing yen is pushing companies into bitcoin and XRP
S
Shaurya Malwa
✦AI Summary
Japanese companies are increasingly diversifying their reserves into Bitcoin and XRP as the yen continues to weaken against the dollar. Driven by the interest-rate gap between the U.S. Fed and the Bank of Japan, firms are seeking harder assets to hedge against currency devaluation.
SBI VC Trade on Tuesday said corporate demand for bitcoin and XRP is climbing as the currency's slide pushes firms to diversify reserves beyond cash, with the exchange's registered accounts passing 2 million, roughly double its 2025 count.
businesseconomycryptotechnology
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